Bellefontaine Federal Sav. & Loan Asso. v. Commissioner
United States Tax Court
Held, in the circumstances of this case, additions to a reserve made by petitioner for the years 1952-1956 in compliance with regulations of the Federal Home Loan Bank Board were not deductible. Sec. 23(k)(1), I.R.C. 1939; secs. 166(c), 593, I.R.C. 1954.
1Opinion of the Court
Bellefontaine Federal Savings and Loan Association, Petitioner, v. Commissioner of Internal Revenue, Respondent
Bellefontaine Federal Sav. & Loan Asso. v. Commissioner
Docket Nos. 64131, 76910
United States Tax Court
33 T.C. 808; 1960 U.S. Tax Ct. LEXIS 213;
February 5, 1960, Filed
Decisions will be entered for the respondent.
Held, in the circumstances of this case, additions to a reserve made by petitioner for the years 1952-1956 in compliance with regulations of the Federal Home Loan Bank Board were not deductible. Sec. 23(k)(1), I.R.C. 1939; secs. 166(c), 593, I.R.C. 1954.
Clarence C. Roby, Esq.,…
2Cases cited7 opinions
- Old Colony Railroad v. CommissionerSupreme Court of the United States · 1932
- National Airlines, Inc. v. CommissionerUnited States Tax Court · 1947
- Kansas City Southern Ry. Co. v. Commissioner of Int. Rev.Court of Appeals for the Eighth Circuit · 1931
- Gulf Power Co. v. CommissionerUnited States Tax Court · 1948
- Bellefontaine Federal Sav. & Loan Asso. v. CommissionerUnited States Tax Court · 1960
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